Management ChangeJun 9, 2026, 11:46 AM
CSP Inc. VP of Finance & CAO Michael Newbanks Departs
AI Summary
Michael Newbanks, CSP Inc.'s Vice President of Finance and Chief Accounting Officer, departed from his position on June 5, 2026. His departure was not due to any disagreement with the company or its Board of Directors. Mr. Newbanks, who served as Chief Accounting Officer since July 2017, will provide consulting services to the company following his departure. Eric Sachs is assisting in the transfer of the role.
Key Highlights
- Michael Newbanks departed as VP of Finance and Chief Accounting Officer on June 5, 2026.
- Mr. Newbanks served as Chief Accounting Officer of CSP Inc. since July 2017.
- He previously served as Controller of the Modcomp subsidiary since May 2003.
- His departure was not a result of any disagreement with the company or Board.
- Mr. Newbanks will provide consulting services to the company post-departure.
- Eric Sachs is assisting in the transfer of the role.
Price Impact
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